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Stocks Hit Record Highs on US-Iran Talk Optimism: Markets Wrap

This content was published on (Bloomberg) — Hopes that the US and Iran will be back to the negotiating table lifted stocks to all-time highs, with the market also rising after a blowout forecast from Intel Corp. and the closing of a probe into Federal Reserve Chair Jerome Powell.

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SNB Chief Economist Lenz to Retire, With Brown Set to Take Over

This content was published on (Bloomberg) — Swiss National Bank Chief Economist Carlos Lenz is set to retire at the end of the year and will be succeeded by Martin Brown, the current director of the central bank’s academic research institution.

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Finma Says Immediate Mythos Access Would Pose Systemic Bank Risk

This content was published on (Bloomberg) — Switzerland’s top financial regulator said giving banks quick and easy access to Anthropic PBC’s artificial intelligence tool Mythos would create a severe risk for the country’s financial system.

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Billionaire Niel Faces GAM Minority Shareholder Revolt on Board

This content was published on (Bloomberg) — GAM Holding AG, the Swiss asset manager backed by Xavier Niel, is facing a challenge from minority shareholders who claim the billionaire is misusing his position to override their rights and reshape the company at will.

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Schlegel Says Vigilant SNB Unrestricted on Rates, Interventions

This content was published on (Bloomberg) — The Swiss National Bank is closely monitoring fallout from the Iran war and can steer the franc’s exchange rate without limits if necessary, according to President Martin Schlegel.

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SNB Move Below Zero Bigger Step Than Normal Cut, Schlegel Tells NZZ

This content was published on (Bloomberg) — Swiss National Bank President Martin Schlegel said cutting borrowing costs below zero is a more significant move than a reduction above that level, according to an interview in Neue Zuercher Zeitung.

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Stocks Decline as Iran Jitters Spur Rally in Oil: Markets Wrap

This content was published on (Bloomberg) — A fresh bout of volatility rattled markets, with stocks falling as oil rose on concern about an escalation of the conflict in the Middle East that could prolong the Strait of Hormuz closure, worsening energy disruptions.

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UBS AT1 Investors Get a Win After Swiss Put Reforms on Ice

This content was published on (Bloomberg) — As UBS Group AG blasted the Swiss government’s plans on tougher banking rules, holders of its riskiest bonds celebrated thanks to one sentence in the announcement.

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Ex-Credit Suisse Team Plans $1 Billion Fund for Data Center Risk

This content was published on (Bloomberg) — A team of former Credit Suisse bankers is preparing to launch a fund they say will offer double-digit returns in exchange for taking on some of the insurance risk tied to data centers.

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S&P 500 Climbs to All-Time Highs; Tesla Jumps Late: Markets Wrap

This content was published on (Bloomberg) — Stocks climbed to all-time highs as a slew of strong corporate results and President Donald Trump’s extension of a ceasefire with Iran revived risk appetites after a two-day retreat. Bitcoin rallied.

Read more: S&P 500 Climbs to All-Time Highs; Tesla Jumps Late: Markets Wrap

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UBS Faces $20 Billion Hike in Capital Needs as Swiss Split Grows

This content was published on (Bloomberg) — The Swiss government outlined plans that would add billions of dollars to UBS Group AG’s capital requirements, deepening a showdown with the lender over its proposed banking reforms.

Read more: UBS Faces $20 Billion Hike in Capital Needs as Swiss Split Grows

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UBS Sees $4 Billion Capital Impact From Swiss Executive Order

This content was published on (Bloomberg) — UBS Group AG estimated that the now-decided element of new Swiss banking rules will reduce company-wide CET1 capital by $4 billion once fully implemented, as it renewed its critique of the overall reform package.

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Switzerland Set to Soften Some UBS Capital Rules, TP Reports

This content was published on (Bloomberg) — The Swiss government is set to present softened bank capital rules later today, according to the news portal Tippinpoint, in a move that would reduce the expected impact for UBS Group AG.

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Goldman Sachs’ Alternatives Arm Buys Stake in Swiss AI Firm BLP

This content was published on (Bloomberg) — A unit of Goldman Sachs Asset Management invested $50 million in BLP Digital, a Swiss artificial intelligence company that helps companies automate financial processes such as invoicing and internal reporting.

Read more: Goldman Sachs’ Alternatives Arm Buys Stake in Swiss AI Firm BLP

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